Michigan Pension Systems Receive Good Reviews.

• Position: Brief Article

A commission set up to examine the financial health of public pension systems throughout the state of Michigan recently reported that the vast majority of the systems are in good shape. However, about 50 of the public systems were behind in contributions. The commission recommended a series of new laws to make the pensions more accountable, including having each post an annual financial report card on the Internet. Among the 20 recommendations made by the commission were 1) increased penalties for poorly...